Bad credit can be a major obstacle when it comes to accessing financial products, such as credit cards. Fortunately, there are still some stores thatll offer credit solutions even if you have a less-than-perfect credit score. This Flik Eco article is here to help you explore those options and guide you on your journey to rebuilding your credit.
What Stores Have Credit Cards For Bad Credit Table of Contents
Why Store Credit Cards?
Store credit cards can be quite beneficial, especially for those struggling with poor credit. They often have less stringent eligibility requirements, meaning you can get approved even with a less-than-stellar score. Additionally, these cards often come with in-store perks and discounts, making your regular shopping trips even more rewarding. Just be mindful of potential drawbacks, such as high annual percentage rates (APRs) and limited usage outside of the specific store.
Stores That Offer Credit Cards for Bad Credit
It's crucial to keep in mind that these store credit card options still require a credit check during the application process, and approval isn't guaranteed. However, their more lenient with credit score requirements and are more likely to approve a card application from someone with bad credit. Here are some stores with credit cards that you can consider:
1. Fingerhut Credit Account
- Issued by WebBank
- Rewards: None
- Annual Fee: $0
- Reports to all three major credit bureaus (Experian, Equifax, and TransUnion)
- Online store with a wide range of products, from electronics to apparel
- Does not offer a traditional credit card, but a line of credit to be used exclusively on Fingerhut.com
2. Kohl's Charge Card
- Issued by Capital One
- Rewards: Extra discounts and promotions, such as 30% off your first purchase and 15% off coupon
- Annual Fee: $0
- Reports to all three major credit bureaus
- No preset spending limit, though it doesn't mean unlimited spending
- Card can exclusively be used at Kohl's stores and Kohls.com
3. Walmart Credit Card
- Issued by Capital One
- Rewards: 5% cash back on Walmart.com purchases, 2% cash back at Walmart stores, and 1% cash back on other purchases
- Annual Fee: $0
- Reports to all three major credit bureaus
- Visa-branded, so it can be used anywhere Visa is accepted
4. Amazon Store Card
- Issued by Synchrony Bank
- Rewards: 5% cash back for Amazon Prime members at Amazon.com and Whole Foods Market
- Annual Fee: $0
- Reports to all three major credit bureaus
- Can only be used at Amazon.com
What Stores Have Credit Cards For Bad Credit Example:
Imagine you're an avid online shopper, and you find yourself frequently purchasing items from Amazon. Your credit score isn't great, but you want a credit card to help rebuild it while also enjoying some Amazon-related perks. Applying for an Amazon Store Card could be a smart choice in this situation!
You apply and get approved for the card despite your bad credit. By using it responsibly, making on-time payments, and keeping your balance low, you'll start improving your credit over time. Plus, as an Amazon Prime member, you can also enjoy the perk of 5% cashback on your purchases.
Rebuilding your credit doesn't have to be an impossible task, and store credit cards can help you on your journey. Just remember to use them responsibly, pay off your balance in full each month, and never spend more than you can afford. With patience and dedication, you'll begin to see your credit score rise and unlock even more financial opportunities.
Don't forget to share this article with anyone who might find it helpful and informative. And if you're looking for more personal finance and credit-related advice, be sure to explore other guides and articles on Flik Eco for all your money management needs.
